Tether’s USDT Recognized As Property By UK Court – What This Means For The Stablecoin

Quick Summary:

The England High Court of Justice recently ruled that Tether’s stablecoin USDT is a property.

Crypto commentator GS has highlighted what this means for the stablecoin going forward, including how it could lead to increased adoption.

He noted that legal recognition would lead to increased regulatory scrutiny and could bring about stricter compliance requirements for Tether.

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Article Details

Author / Journalist: Scott Matherson

Category: Crypto

Markets: Hungary

Topics: Crypto US Dollar USDT Crypto News Tether Stablecoins

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-14 @ 20:00:06 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 455 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22507542

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 8 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 10 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #105

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